Earlier this month, credit score company Fair Isaac promoted a social media message by a woman in Greece who claims, inaccurately, that employers use credit scores.
Employers do not use credit scores.
In her story, which is dated 2010, the writer states, inaccurately:
One area which may be controversial for a fico score to be considered is when they are used by potential employers. Some positions are dependent on a good score, and not measuring up could end up costing you the job you want. Again they are used to assess your reliability and can indicate how responsible you are.
In 2010 news agency Reuters furthered the employers-use-credit-scores myth when it interviewed the Fair Isaac CEO and reported, “FICO officially frowns on the fact that employers, landlords, and the like obtain access to individuals’ credit scores and use those scores as a proxy for that person’s general moral upstandingness.”
Prior to that article, regarding its information about credit scores and employment, Fair Isaac responded to creditscoring.com that it used “anecdotal information gleaned from public sources such as published articles.”
Reuters has not made a correction.